MCHI sops fail to attract buyers

October 10, 2008	(1 votes, average: 5 out of 5)  Loading ...
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The real estate exhibition by the Maharashtra Chamber of Housing Industry in Mumbai got a lukewarm response from the prospective buyers. Superficial discounts like stamp duty waivers, free car parks, no charge for floor rise and special offers on the equated monthly installments that is to be paid on home loans seem to be failing to change the buyers’ sentiments as they expect a crash in prices soon. Even as hundreds of enquiries poured in at the exhibition on Dussehra, it failed to translate into actual bookings.

“Most developers in Thane have been quoting a price range of Rs 5,500-5,750 and the price has remained some what constant in the last six months. Now a majority of them are willing to negotiate further. But I am planning to wait till the prices come down to Rs 4,500-5, 000,” said a buyer.

News Published Under:   Mumbai |

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